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He concludes that the Left has used moral arguments to vanquish the Right in the debate of capitalism versus socialism for the past hundred years, and that the only way the pro-capitalist side can hope to win is by bringing morality into the discussion.

Where did Rand’s objectivism come from?

When looked at that way, he sees Rand as providing vital and valuable service to the science by being the first to identify that the ultimate source of wealth is the human mind, a point later taken up by economist Julian Simon. This is the theme of Atlas Shrugged , which focuses on the role of the mind in human life and shows what happens when the men of the mind decide to go on strike against a world that treats them as sacrificial fodder. The latter perspective is absent from mainstream economics, which is still influenced by the materialism of Karl Marx who basically saw production as a function of brute labor, and denied any productive role to the entrepreneur.

In this vein, a number of contributors explore Ayn Rand as a business ethicist.

Objectivism as a Competitive Advantage in Business

Younkins, Chapters 10 and 15, and Edwin A. Locke, Chapter 11 , provides a useful guide for business success and for resolving ethical quandaries. Locke, a leading expert on the psychology of business leaders, holds that the characters in Atlas Shrugged model the traits, such as rationality, independence, and perseverance, that lead to business success.

Eric B. Dent and John A. Parnell Chapter 16 provide a detailed guide for incorporating Objectivism into business ethics courses and explain how Objectivism stands apart from the dominant ethical approaches of utilitarianism and virtue ethics.

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Another major thread appears in several chapters notably Chapters 3, 4, 9, and 10 , but it is explored in detail by Bryan Caplan Chapter 8. These discussions focus on Ayn Rand as a public choice theorist. Public choice is a species of political economy that focuses on the interaction of government and business. The academic field was pioneered by Nobel laureate James Buchanan and Gordon Tullock in the late s and s, at around the same time that Ayn Rand wrote Atlas Shrugged and her later non-fiction.

Caplan points out that, despite there being little if any evidence that Buchanan and Rand influenced each other, Rand nevertheless displays in Atlas Shrugged a nuanced grasp of how government and business influence each other in a mixed economy.

  1. Perspectives on Ayn Rand's Contributions to Economic and Business Thought - ;
  2. What Rand's ideology of self-interest missed..
  3. Illogical Nonsense;
  4. If you take the time "Ayn Rand's philosophy of Objectivism was intended to be the ultimate success formula. If you take the time to understand and act on her ideas, perhaps you will fulfill that role. In that case, you will certainly understand why Ayn Rand matters. The author of two popular novels, The Fountainhead and Atlas Shrugged, Rand remains a compelling and influential figure two decades after her death.

    Column: This is what happens when you take Ayn Rand seriously

    And, Objectivism, the controversial philosophy she built upon the tenets of reality, reason, and self-interest, in still passionately debated. Rand celebrated business, especially the heavy industries that dominated America in her lifetime, and the entrepreneurs who founded and built them.

    Ayn Rand and Business interprets the fiction and philosophy of this self-proclaimed "radical-for-capitalism" for today's business reader. Rand's life and work offer insightful lessons for managers, traders, and entrepreneurs. The novelist-philosopher's three values and seven virtues of Objectivism provide a virtual blueprint for building a successful career. Rand's ideas about the driving force of innovation, the employer-employee relationship, and the critical need for long-term vision and purpose are as relevant as the latest business news headlines. Read Ayn Rand and Business and find out why Rand's ideas continue to matter in today's business world. Ayn Rand and Business is a 43,word book, written in three parts. Part 1 includes a biography of Rand and an introduction to Objectivism.

    1. Rationality

    Part 2 is dedicated to the application of Objectivism to personal and career success. Part 3 explores the application of Objectivism to corporate success. Indeed, anybody thinking of tackling either of her great works would find it worthwhile to read this first. Get A Copy. Paperback , pages. More Details Original Title. Friend Reviews. To see what your friends thought of this book, please sign up. To ask other readers questions about Ayn Rand and Business , please sign up. Be the first to ask a question about Ayn Rand and Business.

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